Schumpeterian Gales of Creative Destruction: 10 Dying U.S. Industries on the Verge of Extinction

“While the U.S. economy is headed further into recovery, not every industry is performing well. Industries go through life cycles, and largely speaking, these are growth, maturity and decline. Even in a recovery, declining industries continue to underperform, and within IBISWorld’s database of close to 700 industries, about 200 are in their decline phase. Of these 200, IBISWorld has identified 10 industries that may be on the verge of extinction in the United States: